What is Bitcoins Currency ?


Some time ago a friend of mine told me that his focus is only on Bitcoins. Bitcoin playing big role from now whatever happens to be us on the Internet.  I saw about Bitcoin on National Geographic Channel India. Some time later, I read about Bitcoin in Indian Express News article. Nowadays Bitcoin is a very popular over the internet.

I read the news in Dainik Bhaskar (Indian Newspaper) today (20/01/2014), which inspired me to write this article about Bitcoins.

One look at the news

  • Web server received 29 thousand Bitcoins priced at Rs 170
  • Bitcoins the largest seizures occurred in the U.S. in order to transfer the government accounts.
  • 1 Bitcoin on (18/01/2014) Saturday that the price was as much as Rs 50,000.

What is Bitcoins Currency ?

Bitcoins is a new kind of money. It is electronic (Digital) currency. Bitcoin Currency is not controlled by any bank, organization or country.  More than 1 million people have been using Bitcoin and Came into on January 3, 2009.

Top things you need to know about Bitcoins

  • Bitcoin is digital currency that enables instant payments to anyone, anywhere in the world.
  • The Bitcoin software by Santoshi Nakamoto (Jap).
  • Biticoin is the execution of Crypto Currency.
  • You can Send or receive only using internet.
  • The supply is regulated by special Bitcoin Software.
  • Bitcoins is more useful than credit card.
  • You can convert Bitcoin to dollar or rupees or local currency.
  • You can convert Bitcoins in  your local currency.
  • When demand grows, Bitcoins value increases.
  • Bitcoin transaction fee is very low
  • You can trade bitcoins
  • Bitkoins is better than gold because gold is not Divisible.
  • Anyone can Improve Bitcoins software, because it is open source software.
  • But for all you have to be Bitcoin miner

Things that you can do with buy stuff as with traditional money and save as investment hoping their price will increase.
You can buy Bitcoins from here http://bitcoin.org/en/
For more information & knowledge http://en.wikipedia.org/wiki/Bitcoins

I am in favor of it that Crypto-currency implementation shall be used.  Its future depends on how much more people use it. Many people had tried to hack it but did not succeed. What is happening is happening for good. And whatever happens will be for the best. If you know anything about Bitcoins or questions, comment below to help me to improve this post.
Sharing knowledge would definitely benefits.

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